USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

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Chubais warns about the energy crisis

In the opinion of the former chairman of the board of directors of the Unified Energy System of Russia, it will happen in 2010

Chubais warns about the energy crisis

The main reason for the supposed crisis is the rate of Russian gas production stagnation.
Chubais suggests that the energy crisis of 2010 may be “substantial” and require evacuations from a number of cities. “But even those risks can be avoided if electricity reform and the liberalization of the natural gas market are approached sensibly,” he said. Chubais perceives a gas shortage in Russia even as gas export programs are being developed. He referred to gas export as a “sacred cow” that nonetheless had to be dealt with.

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